Századvég was established in 1993 as an intellectual workshop of the young generation that played an active role in the political changes of 1989-1990 in Hungary. The founders’ aim was to create an intellectual and professional base to provide reliable support for Hungarian opinion leaders in a period of social and economic transition.
In the 30 years since then, the world around us has not become less controversial, but it has accelerated considerably, flooding us with an almost unimaginable amount of possibilities and impulses. As complication has increased, so has problem complexity, while we have to form opinions on more and more abstract and relatively distant issues.
Századvég’s mission is to help you see clearly so that you can make better decisions. And good decisions require two things: clear objectives and substantial information.
We work to learn and understand Hungarian and international economic and social processes, and thus provide useful and understandable knowledge to decision-makers, whether they are corporate, governmental or private.
Kinga Kenyeres
Chief Executive Officer
According to the April 2024 survey of Századvég Konjunktúrakutató, household economic sentiment deteriorated by 1.6 index points, while business economic expectations improved by 0.7 index points from the previous month. Thus, the household index, measured on a scale of -100 to +100, weakened to -16.4, while the business index strengthened to -12.2. A marked positive change in the April survey is that households’ inflation perceptions are steadily converging towards the actual rate, which is now within the central bank’s inflation target range. For businesses, the biggest positive change from March to April was in profits over the past year.
In 2023, the volume of Hungarian gross domestic product (GDP) fell slightly by 0.7%, while growth is likely to remain subdued in the following years. We expect Hungarian economic output to grow by 2.7% in 2024 and 3.4% in 2025. This year and next will be marked by a slow recovery process.
MORE REPORTS
In a unique way, Project 28 conducted the widest possible survey of 1,000, that is a total of 28,000 randomly selected adults in each country. Gaining an understanding of society’s sense of prosperity and mapping the population’s attitudes towards the performance of the European Union, the migration crisis and the increasing terrorism were among the most important goals of the analysis. Following the surveys in 2017, 2018 and 2019, on behalf of the government, the Századvég Foundation has been conducting the research under the name of Project Europe since 2020, which continued to reflect on the topics that most dominated the European political and social discourse.
PROJECT EUROPE
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Hidegkúti Nándor u. 8-10.
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